US Durable Goods Orders ex Defense MoM (Feb) M/M -1.2% (Prev. 0.5%)
Context
US durable goods orders, excluding defense, declined by 1.2% month-over-month in February, contrasting sharply with a prior increase of 0.5%. This notable drop could indicate a slowdown in manufacturing activity, raising concerns about the resilience of the broader economy, which may influence future monetary policy and interest rate expectations.
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